iMAXIMIZE SINGLE PREMIUM INSURANCE PLAN

If you are looking to reap investment benefits by paying only once, this plan is for you.

WHY THIS PLAN?

If you are looking to reap investment benefits at optimum costs, this is the plan for you. Aegon Life iMaximize Single Premium Insurance Plan aims to maximise your investments. It has no premium allocation charges, thus increasing the availability of more fund for investment. All this by paying only once , online!

You should purchase this plan if you:

Want to invest only once

Want to maximise investment, as there is no premium allocation charge

Are looking for an investment cum insurance plan that will also help you save tax

Want to financially secure your family’s future

Choose from 6 unit-linked funds as per your investment objectives, including the new Opportunity Fund which focuses on mid-sized companies with the potential to be tomorrow’s market leaders

LET'S UNDERSTAND THE PLAN WITH AN EXAMPLE

Mr. Mahesh (age 30 years) freelances as an art painter. His wife is a homemaker and they have a son, Anuj, who is 3 months old. Although Mahesh’s income provides well for their family, he is concerned about the inconsistency in his income and rapid change in the way of life. He is cognizant that life is uncertain and that the future of his family needs to be protected. He wants to make his investment at one go. He relies on Aegon Life’s iMaximize Single Premium Insurance Plan.

Total Benefit: Rs.15 lakhs cover amount (Sum Assured). If Mahesh would have survived the policy period, he would have received a lump sum amount (Fund Value) at maturity = Rs.232,292 @ 8% or Rs.152,692 @ 4%,

Benefits

0% Allocation Charges

0% Allocation Charges means that the premium paid by you is invested 100% into the chosen fund. 100% investment in the funds support your

Tax Free Returns

Maturity proceeds under this Policy are tax free under section 10(10D) of Income Tax Act 1961 upon fulfillment of conditions laid down fo

Death

In case of death, higher of cover amount or Fund Value will be paid

Partial Withdrawal

After the first five policy years, you have the option to withdraw every year upto 20% of your Fund Value as on the beginning of the poli

Choice of 6 investment funds

6 fund options are available for investment to match your risk appetite

Top Up

To maximize your returns, you also have an option of investing an additional amount over and above your basic premium every year

Eligibility

Entry Age

Minimum Age: 8 years as on last birthday

Maximum Age: 65 years as on last birthday

Maturity Age

Minimum: 18 years last birthday

Maximum: 65 years last birthday

Policy Term

Entry Age less than upto 50 years, the policy term is 10 years

Entry Age 51 years and above, the policy term is 5 years

Minimum Sum Assured

Age at entry below 45 years : 125% single premium

Policy Term greater than or equal to 45 years: 110% single premium

Maximum Sum Assured

Age at entry upto 35 years : Maximum Sum Assured allowed is 10 times the single premium

For Age greater than 35 years: the

Minimum Premium

Rs. 1,00,000

HOW CAN YOU BUY THIS PLAN?

Step 1: Calculate your premium on iMax insurance plan by entering your age, gender, amount of premium you wish to invest, and period for which you want to stay invested.

Step 2: The cover amount (Sum Assured) and returns will be decided basis the above

Disclaimer

For more details on risk factors, terms and conditions please read sales brochure and benefit illustration carefully before concluding a sale.

This illustration is indicative only and should be read in conjunction with the benefit illustration also. The non-guaranteed projected investment returns of 4% and 8% are not guaranteed and are for illustration purpose only.

The past performance of any of the unit linked segregated funds is not necessarily an indicative of the future performance of any of these segregated funds.

The mortality charges are subject to underwriting of the proposal, and may increase before the acceptance of the risk. Service tax, Education cess and any other taxes announced by the government of any other statutory body would be levied as per the applicable tax laws.

Unit linked Life Insurance products are different from the traditional insurance products and as such, are subject to risk factors. The premium paid in unit linked life insurance policies are subject to investment risks associated with capital markets and the NAV's of the units may go up or down based on the performance of fund and factors influencing the capital market and the policy holder is responsible for his/ her decisions.

Aegon Life Insurance is only the name of the Insurance Company and Aegon Life iMaximize Single Premium Insurance Plan is only the name of the unit linked life insurance contract and it does not in any way indicate the quality of the contract, its future prospects and returns.

The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.

Please know the associated risks and the applicable charges, from policy document of the insurer.

This is a non-participating unit linked plan and we do not offer policy loan in this plan.

“By submitting my contact details I authorize AEGON Life Insurance to Call or SMS me with reference to this enquiry. This overrides the DND registration. I authorize Aegon Life, directly or through its/their representatives /agents to make references / enquiries / verification as may be deemed necessary within the applicable legal and regulatory framework and in compliance of its internal processes / procedural requirements with regard to the information furnished by me.”

For more details on risk factors, terms & conditions please read sales brochures and benefits illustrations carefully before concluding a sale. All the premiums calculated here are inclusive of GST*.^5000 Rs monthly premium for 18 year old non-smoking male for AEGON Life iInvest Plan – (UIN 138L059V02) for a sum assured of 7,50,000, Premium Paying term of 10 years and a policy term of 25 years for the lifestyle portfolio strategy at a fund value of 8%.*411 Rs. Premium for AEGON Life iTerm Plus plan for 18 year old non-smoking female (UIN-138N060V02) for a term of 65 years. 512 Rs premium for a 23 year old non-smoking male for a sum assured of 50,00,000 for a policy term of 67 years. *Rs.17 per day premium for 23 year old, non-smoking, male for a Sum Assured of 50 Lakh for policy Term of 20 years. #3000 Rs monthly premium for 18 year old non-smoking male for AEGON Life iMaximize Plan – (UIN 138L030V04) for a sum assured of 4,50,000, Premium Paying term of 25 years and a policy term of 25 years for the benefit option "Option II - With added benefits" at a fund value of 8%. Fund allocation for the same is as followed - Secure fund =25%, Debt Fund =25%, Blue-chip fund 50% .Rs.923 is the premium for a 25 years old, non-smoker, Male, sum assured Rs.1,00,00,000 for a 100 years of age cover. Rs 405 per month for 1,00,00,000 is for regular pay, non-smoking, male, 25 years of age, policy term of 20 years, exclusive of taxes for AEGON Life iTerm Insurance Plan (UIN - 138N016V06). Premium displayed for AEGON Life iTerm Plus Insurance Plan in the calculator is for Life option with Accident Death Benefit Sum Assured of Rs.50,000[AD1] . [VB2] The tax benefits are subject to change as per change in tax laws from time to time. Goods & Services Tax announced by Government or statutory body in future would be levied as per the applicable laws.

^^Subject to completion of verification of the documents provided.

The amount displayed in "FIND THE RIGHT PLAN FOR YOU" is exclusive of taxes.

***Maximum time taken to issue a policy based on policies issued in FY 2018-19.

Calculation for saving Rs.46,800 Tax. - Section 80C of Income Tax Act 1961 allows investors to claim deductions from their taxable income by investing in certain eligible investment schemes. The amount of money invested in the schemes eligible u/s 80C can be claimed as deduction from the taxable income subject to a maximum limit of Rs 150,000. For example, if you invest Rs 50,000 in a scheme u/s 80C, your taxable income will be reduced by Rs.50,000 for the purpose of tax calculation – if you are in 30% tax bracket you can save Rs 15,600 in tax including 4% Cess. You can save a maximum amount of Rs 46,800 in taxes every year by investing Rs.150,000 in schemes u/s 80C (if you are in 30% tax bracket). Source: https://www.aegonlife.com/insurance-investment-knowledge/save-46800-in-taxes-with-the-help-of-insurance-tax-planning